On November 10, 2026, Mobix Labs, Inc. (Nasdaq: MOBX) announced preliminary, unaudited financial results for its fiscal fourth quarter and full year ended September 30, 2026. The company reported a 129% sequential increase in revenue, which rose to approximately $1.81 million from $789,000 in the preceding quarter. This figure exceeded the upper end of the company's previously announced guidance range of $1.4 million to $1.8 million.
Product revenue also saw a significant increase of 171%, rising to approximately $1.43 million from $529,000 in the prior quarter. The company attributed this growth to the resolution of earlier working capital constraints that had limited production and order fulfillment.
Financial metrics for the quarter showed substantial improvements. Gross margin more than tripled to approximately 44.5% from 12.9% in the previous quarter. Consequently, gross profit increased nearly eightfold to approximately $804,000. The company’s GAAP operating loss narrowed by 11% to approximately $6.56 million, and the GAAP net loss decreased by 46% to approximately $9.09 million.
For the full fiscal year 2026, the company reported a preliminary GAAP net loss of $41.86 million. This loss included significant noncash and financing-related charges totaling approximately $23.43 million, comprising $12.30 million in stock-based compensation, $1.21 million in depreciation and amortization, and $9.91 million in losses associated with the extinguishment of notes payable and issuance of preferred shares and liability-classified warrants.
In addition to the financial results, Mobix Labs announced that its board of directors approved a 1-for-7 reverse stock split. The split was approved by stockholders at a special meeting on October 2, 2026. It is expected to become effective at 4:00 p.m. Eastern Time on November 16, 2026, with trading commencing on a post-split basis on November 17, 2026. The company stated the split is intended to increase the per share trading price to help maintain compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market.
The reverse split will reduce the number of outstanding shares of Class A common stock from approximately 23,646,570 to approximately 3,378,082 shares. Proportional adjustments will be made to outstanding stock options, warrants, and convertible securities. The company also disclosed that it mutually agreed to terminate an agreement and plan of merger with Special Project Delivery, Inc. on November 12, 2026, following their inability to obtain a fairness opinion supporting the transaction.
